Cardano (ADA) founder Charles Hoskinson has declared that he will no longer speak on Ripple and its native token XRP, citing vicious attacks from the community. According to Hoskinson, the attacks ha...
Tag: Citing
Indiana Files Lawsuits Citing Security And Child Safety Violations
Topline Indiana Attorney General Todd Rokita (R) filed two lawsuits against TikTok Wednesday alleging the app has exposed children to mature content and failed to disclose its access to user data, acc...
Crypto Lender Nexo To Leave United States, Citing Lack of Regulatory Clarity
Switzerland-based crypto lender Nexo is announcing plans to cease its business operations in the United States. The crypto lender says that the decision is influenced by the regulatory and policy land...
Nexo Exits US citing Regulatory Restrictions
Trusted crypto lender Nexo is phasing out its services in the US Nexo offers instant loans to crypto users Nexo is placed in top place with 66% of votes The London-based crypto lender Nexo announced t...
Coinbase Disables Mobile NFT Transfers, Citing Apple’s App Store Policies
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Powell signals 0.50% increase in December, citing need to ‘moderate’ rate hikes
Federal Reserve Chair Jerome Powell set the table for a 50-basis point rate hike at the Fed’s December policy meeting, saying in a speech on Wednesday it makes sense to “moderate” ra...
Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’
Coinbase Wallet will no longer support four major tokens as of Dec. 5. In a Nov. 29 notice on its help pages, Coinbase said the wallet will no longer support Bitcoin Cash (BCH), XRP (XRP), Ethereum Cl...
BlockFi files for bankruptcy citing FTX exposure
New Jersey-based crypto lender BlockFi on Monday filed for Chapter 11 bankruptcy protection. The crypto lender is the latest crypto industry casualty to fall due to exposure to the collapsed cryptocur...
Aave Freezes Multiple Lending Markets Citing Volatility Concerns
The decentralized lending protocol AAVE has temporarily disabled its lending markets for multiple Ethereum-based tokens facing excess volatility and low liquidity. The 17 frozen assets include various...
Crypto Lending Firm BlockFi Files for Chapter 11 Bankruptcy, Citing FTX Collapse
Crypto lending platform BlockFi is officially filing for bankruptcy after weeks of rumors surrounding the firm’s connections to FTX. Today, BlockFi announced its voluntary Chapter 11 filing, naming th...
Cardano-based Stablecoin Project Ardana Halts Development Citing Funding Concerns
Cardano-based DeFi project Ardana Labs announces abrupt shutdown citing uncertainty in the project timeline. On Thursday, November 24, the Carano-based decentralized finance (DeFi) project and stablec...
Starling Bank prohibits crypto purchases and deposits citing danger
The digital bank Starling, which is situated in the United Kingdom, is the most recent financial institution to prohibit its cardholders from engaging in any transactions or activities linked to crypt...
Starling Bank Halts Crypto Card Payments Citing ‘High Risk’
Starling Bank, a digital challenger bank based in the UK, halted the crypto card payments, citing that crypto activities are “high risk.” Starling Bank is a digital challenger bank, having more than a...
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry – Featured Bitcoin News
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly cle...
Former Goldman Sachs Executive Says He’s Bullish on XRP, Citing Real Use Cases and Network Effects
Macro expert and former Goldman Sachs executive Raoul Pal is expressing bullish sentiment on the digital asset XRP. In a new Ask Me Anything video, Pal says that XRP already has utility and is being u...
UnitedHealth, Cigna stocks fall after Raymond James downgrades, citing tripledemic and policy concerns
Shares of UnitedHealth Group Inc. UNH, -1.69% fell 0.5% and Cigna Corp. CI, -0.43% slumped 2.3% in premarket trading Monday, after Raymond James analyst John Ransom downgraded the health insurers, cit...
Grayscale Declines Providing Proof-of-Reserve Citing Security Concerns
The company recognized that some investors will be disappointed. During the recent Binance-FTX transaction debate, it was CZ who first mentioned it. Following the demise of crypto behemoth FTX, CZ has...
Grayscale won’t share proof of reserves, citing ‘security concerns’
Crypto investment firm Grayscale won’t show proof of reserves after bitcoin and ether products fall to new all-time lows. “Due to security concerns, we do not make such on-chain wallet inf...
Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’ – Featured Bitcoin News
Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conduc...
Genesis Suspending Client Withdrawals for Lending Arm Citing ‘FTX Impact’
On Wednesday morning, Genesis announced to clients that it would pause withdrawals from its lending arm, citing “unprecedented market turmoil” due to the now-bankrupt crypto exchange FTX. ...
Gemini Exchange Suffers Temporary Outage, Citing ‘Site Maintenance’
Gemini users temporarily lost access to the exchange Wednesday following an announcement the company was pausing its Earn product, but the outage was apparently due to an unrelated server issue. ...
Genesis Global halts withdrawals citing ‘unprecedented market turmoil’
According to a new tweet by Genesis Global on Nov. 16, the institutional crypto lender said it would “temporarily suspend redemptions and new loan originations in the lending business.” In explaining ...
Institutional Crypto Lender Genesis Trading Halts Withdrawals, Citing 3AC and FTX Collapse
An institutional crypto brokerage is halting customer withdrawals, citing the downfalls of Three Arrows Capital (3AC) and FTX. In a recent announcement, blue-chip crypto lender Genesis says that while...
Gemini Exchange Suffers Temporary Outage, Citing ‘Site Maintenance’
Gemini users temporarily lost access to the exchange Wednesday following an announcement the company was pausing its Earn product, but the outage was apparently due to an unrelated server issue. Gemi...
Crypto Lenders Keep Pausing Withdrawals Citing FTX Exposure
An investment firm run by bitcoin backer Simon Dixon has canceled plans to acquire embattled crypto lender SALT, which has suspended withdrawals over exposure to FTX. Dixon’s investment unit BnkToTheF...
Crypto lender Salt halts withdrawals citing FTX impact
Crypto lending platform Salt paused withdrawals and deposits, according to a company email sent to customers. The firm said in a message attributed to CEO Shawn Owen that “the collapse of ...
White House Asks Regulators to Enforce Crypto Rules Citing FTX Crises
Regulators all over the world have cowered due to the FTX collapse which has caused a further plunge in the digital asset market. Therefore, there is a call for stricter regulations for cryptocurrenci...
BlockFi Halts Withdrawals Citing Lack of Clarity Regarding FTX
Crypto lending firm BlockFi is the latest to limit customer activity on its platform. Fearing a major liquidation event, the company has halted withdrawals. On Nov. 11, BlockFi announced that it was “...
Binance walks away from FTX deal, citing ‘mishandled customer funds,’ regulatory scrutiny
Binance has announced that it will not pursue its option to purchase FTX because of its due diligence and reports that a US agency was investigating the exchange over its handling of customers’ funds....
NFT project blocks Chinese Twitter comments citing the need for ‘North American expansion’
According to a Twitter post dated Dec. 11, SHHAN, creator of the black cats nonfungible tokens (NFT) collection Mimic Shhans, explained to users why he was blocking posts on community social pages wri...